Income Fund Description:Stonevest Property Income Fund is an open ended, unlisted property fund that invests in a growing portfolio of high quality investments across the commercial, retail and industrial property sectors. Definition: A Property Investment Scheme is defined by the Department of Trade and Industry in Notice 459 of 2006 of the Government Gazette 28690 dated 30 March 2006 as: "The assembly of a group of investors invited, by word of mouth or through the use of electronic and print media, inter alia, radio, television, telephone, newspaper and magazine advertising, brochures and direct mail, to participate in such schemes by investing in entities, which would be companies, close corporations, trusts, partnerships or individuals, whose sole asset(s) are commercial, retail, industrial or residential properties, and where investors share in the profits and losses in these properties and or enjoy the benefits of net rental growth through proportionate share of income." |
